The World Bank said Middle East conflict and a closure of the Strait of Hormuz could keep global energy prices elevated, with Brent crude forecast to rise 36% this year. The report highlights a significant supply-risk premium for oil and broader commodity markets. The outlook is negative for consumers and energy-intensive sectors, and supportive for oil prices.
The World Bank said Middle East conflict and a closure of the Strait of Hormuz could keep global energy prices elevated, with Brent crude forecast to rise 36% this year. The report highlights a significant supply-risk premium for oil and broader commodity markets. The outlook is negative for consumers and energy-intensive sectors, and supportive for oil prices.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
